Oceaneering International with ticker code (OII) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 22.5 and 16.5 and has a mean target at 18.67. With the stocks previous close at 14.86 this would imply there is a potential upside of 25.6%. There is a 50 day moving average of 14.22 and the 200 day MA is 13.67. The company has a market capitalisation of $1,740m. You can visit the company’s website by visiting: https://www.oceaneering.com
The potential market cap would be $2,186m based on the market concensus.
Oceaneering International provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company’s Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, luding subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair. This segment also offers ROV tooling, and survey services, such as hydrographic survey and positioning services, as well as autonomous underwater vehicles for geoscience. As of December 31, 2021, this segment owned 250 work-class ROVs. Its Manufactured Products segment provides distribution and connection systems, luding production control umbilicals and field development hardware, pipeline connection, and repair systems to the energy industry; and autonomous mobile robots and automated guided vehicle technology and entertainment systems to various industries. The company’s Offshore Projects Group segment offers subsea installation and intervention, luding riserless light well intervention services and inspection, and maintenance and repair services; installation and workover control systems, and ROV workover control systems; project management and engineering; and drill pipe riser services and systems, and wellhead load relief solutions. Its Integrity Management & Digital Solutions segment provides asset integrity management; software and analytical solutions for the bulk cargo maritime industry; and software, digital, and connectivity solutions for the energy industry. The company’s Aerospace and Defense Technologies segment offers government services and products, luding engineering and related manufacturing in defense and space exploration activities to U.S. government agencies and their prime contractors. Oceaneering International was founded in 1964 and is headquartered in Houston, Texas.
